Mahanagar Gas technical analysis

According to the latest Pivot data, Mahanagar Gas’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1202.77, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1207.54, ₹1211.17, and ₹1215.94, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1199.14, ₹1194.37, and ₹1190.74, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mahanagar Gas’s price movement.